Smoore International Holdings Ltd's Dividend Analysis
In This Article:
Exploring the Sustainability and Performance of Smoore International Holdings Ltd's Dividends
Smoore International Holdings Ltd (SMORF) recently announced a dividend of $0.05 per share, payable on 2024-06-17, with the ex-dividend date set for 2024-05-30. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Smoore International Holdings Ltd's dividend performance and assess its sustainability.
What Does Smoore International Holdings Ltd Do?
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Smoore International Holdings Ltd offers vaping technology solutions, including manufacturing vaping devices and vaping components for Heat-not-burn products. It operates in three segments namely research, design and manufacturing of closed-system vaping devices and vaping components for tobacco companies and independent vaping companies, and research, design, manufacturing, and sale of self-branded open-system vaping devices, or APV, for retail clients and new business such as atomization in medical treatment to provide patients with inhalation drug delivery products on a basis of atomization technology. The company generates maximum revenue from Vaping devices and components, other than APV.
A Glimpse at Smoore International Holdings Ltd's Dividend History
Smoore International Holdings Ltd has maintained a consistent dividend payment record since 2021. Dividends are currently distributed on a bi-annually basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Smoore International Holdings Ltd's Dividend Yield and Growth
As of today, Smoore International Holdings Ltd currently has a 12-month trailing dividend yield of 1.78% and a 12-month forward dividend yield of 1.37%. This suggests an expectation of decreased dividend payments over the next 12 months. Based on Smoore International Holdings Ltd's dividend yield and five-year growth rate, the 5-year yield on cost of Smoore International Holdings Ltd stock as of today is approximately 1.78%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-12-31, Smoore International Holdings Ltd's dividend payout ratio is 0.41. Smoore International Holdings Ltd's profitability rank, offers an understanding of the company's earnings prowess relative to its peers. GuruFocus ranks Smoore International Holdings Ltd's profitability 8 out of 10 as of 2023-12-31, suggesting good profitability prospects. The company has reported net profit in 8 years out of the past 10 years.